Major fraud eludes global powers in Technology Retail and Credit Card Issuing

·         Credit Card telephone security questions- failed

·         Retailer Fraud detection- failed

·         Fraudsters –succeed

Please find below details of an interview with Paul Rodgers, Chairman of Vendorcom, on BBC Radio 4. He comments on issues surrounding Credit Card verbal security questions and also retailer fraud detection systems. This was in the wake of two separate incidents where two pensioners had their Barclaycard details fraudulently obtained and used to purchase goods to the combined value of approximately £20,000. One of the incidents involved 16 transactions of more than £500 each, with the same card, in one day, in the Bristol Apple store.

I am confident that the issues raised are current and would be of interest to your readers and is relevant to recent article themes.

Paul Rodgers is a well known expert in Payments technology and offers impartial advice and support to the UK payments industry. Paul is willing to comment on any of the issues discussed or the wider issues beyond.

http://www.bbc.co.uk/podcasts/series/moneybox

Would you be interested in a telephone interview with Paul to discuss pertinent topics within the UK and Global financial services industry?

Matthew Pears
Senior Account Executive

SkyParlour | 1^st Floor | 19 Spring Gardens | Manchester |M2 1FB | www.skyparlour.com
Tel +44(0)161 817 8711 | matthew@skyparlour.com 

About Vendorcom

Vendorcom, is a cards and payments community, which represents key stakeholders in the cards and payments industry. Its primary aims are to promote innovation and thought-leadership, provide a forum for knowledge sharing and issue resolution for its members and encourage capability development across the cards and payments industry.